There are certain topics that we all know to stay away from because history has shown us that people go from zero to nasty right quick. It’s the fun topics like religion or politics and now amongst passionate sales folk its cold calling.
I thought it might be interesting to “go there” today and present what I feel are misunderstandings regarding the beloved cold call.
1) How We Define “Cold Call”:There are lots of people out there who define any form of phone call to someone who isn’t a client as a cold call. Its used in a generic context like if you were to “Xerox” something or “Google” someone. There are others who feel that a cold call is calling any business “cold” as in working straight off a list, no pre call planning etc. And there are still more who believe that all calls are cold calls because whether you pre call plan or not, you are calling someone who isn’t expecting your call using an interruption strategy. All I can say is that you know its going to be a fun discussion when no one can even agree on what the heck a cold call is in the first place.
2) The Anti Cold Calling Theory of Working Smarter Not Harder: One way this is misunderstood is by the people who embrace the theory in too much of a literal sense. I’m all about working smarter. My issue with this statement is that too many times “working smarter” becomes more of a collection of “avoidance activities”. The result, more often than not is failure to execute the call and even in a more broader sense, failure to execute the proper amount of calls to generate opportunities.
3) The “Researching A Prospect Is An Excuse” Crowd: These are the ones who feel that all you should do is “smile and dial” More specifically, they are the ones who believe that you are slacking if you are researching clients and its basically an avoidance strategy. Depending on the rep, they could be right or wrong. Here’s an easy solution; when its “game time” we play the game,and not research the game. Therefore, it makes better sense to do the research during off hours instead of money hours. Problem solved.
4) You Suck If You Don’t Cold Call: These are the people who believe that there is no other way and if you don’t want to cold call, you have a poor work ethic. To that I would respond with a simple question “Why would you care how I get my sale as long as its between ethical and legal?” If I’m making my numbers or I have a solid plan on how I will generate the revenue, why is that not valid? Furthermore, when I bring home the bacon (and I will) does it count less because it didn’t originate from cold calling? Also, what if I truly suck on the phone but I’m a brilliant networker or awesome at getting referrals? Why would you discourage me from using those venues if I get the results? Note to Sales Leaders: Sometimes we’re so busy trying to convert a rep into something they aren’t that we fail to help them shine in the areas where they are in fact, quite strong. I want to make sure that I’m crystal clear on something. As a sales coach, I wholeheartedly believe that we have to face our fears and step outside our comfort zone. I also believe that we have to really look at ourselves in the mirror (the unforgiving full length one) assess ourselves and work on the areas that need some fixing up. The challenge with that is when we spend so much time on weaknesses that we don’t enhance or work with our strengths.
5) It’s a Numbers Game: Let’s say this is 100% true and in this context the phone is a stand alone new account acquisition strategy. Utilizing a well thought out “sales mix” will improve those numbers. When I say “sales mix” I’m talking about email, snail mail,drop ins, drop offs, FedEx, creative things, networking, social networking, blogging, E-Books, lunch and learns, speaking engagements, referrals, webinars etc. Saying that the phone is a numbers game, a “contact sport” if you will, can also force us to be so focused on the number of calls that we fail to communicate a compelling message.
6) Here’s A Huge Area We Are Misunderstanding: The fact that everyone has a preferred communication venue. For some it’s the phone, for many it’s email, others its through social networking platforms etc. The plot thickens folks because we need to really look at the millennials who are moving into influencing/decision making positions. What do you think their preferred communication venue is? For them, the phone is usually ranked last. When we embrace the phone as a stand alone strategy, we limit ourselves to say the least.
7) Cold Calling vs Social Selling: I have a simple answer to this. Why? As in why does it have to be one vs the other? Why can’t they both exist together as part of that well balanced “sales mix” we discussed earlier?
8) “When I started Out, All I Had Was The Yellow Pages & A Phone” From now on, if anyone says that to you, I want you to pat them on the head and give them a “bless your heart” for good measure. You could probably follow that up by asking “What are ‘Yellow Pages’?” That used and abused line is nothing more than a justification for being a dinosaur or a justification for being cheap and not wanting to invest in the tools and training necessary to bring you into the current century.
9) The “Social Selling” Enthusiast: This is the person who relies so much on the shiny new object or is so busy talking about “Social Selling” that they fail to realize that sooner or later, this will most probably come down to a phone call, in real time (as in not virtual or more specifically one where you aren’t communicating on a computer screen) For some, they have a bad habit of clinging to the virtual world where they feel safer, for others they understand that all of these virtual relationships have to transition. When we do transition or to that end of transitioning, we’re going to need those tried and true skills that some feel are now antiquated.
10) The Cold Call Is Dead: We could debate this one all week. Some of the misunderstanding goes back to how we define a cold call to just calling it like we see it because we know what works for us.
And maybe that’s what sales is all about. You and I having lots of cool choices, the willingness to try different approaches and the wisdom to know what works best with our particular style.
T-Minus 7 Days Until We ROCK Your Cold Calls
Next to emails, the phone is easily THE noisiest channel when it comes to reaching out to a potential client!
And since they are overwhelmed with the high volume of calls . . .
They have assistants filtering them (the topic of today’s post)
Voicemails stopping them and if you’re lucky enough to get through . . .
You’re dealing with a person who will make a really quick judgment as to whether or not you’re worthy of being heard, let alone being granted an appointment.
Sadly, less than 3% of cold calls result in an appointment!
According to a report from IBM, only about 3% of all the calls you’re making result in the appointment. If you’re like most people, you think that the old “Sales is a numbers game” philosophy fixes that when all you’re really doing is more of something that was ineffective! That’s why I thought it might be time to ROCK your phone calls with a special 90 minute webinar!
Here’s what I’m going to share . . .
- 30 ways to find potential clients who have a higher probability of needing what you sell, TODAY. Can you say “URGENCY”?
- How to craft an objection resistant dialogue that gets their attention in the first 10 seconds. I’m also going to send you a few templates to help you along.
- How to proactively prevent skepticism, doubt, resistance and, I might as well say it, OBJECTIONS.
- How to respond to typical objections like “Not interested/No need” “Have a supplier/Under contract” “Too busy”.
- How to respond to typical stalls, like “Call me back next month, next year, after the holidays, next millennium etc” “Send me your information” etc.
- How to generate, at least 3 additional phone appointment, each week.
- How to ask for access to a higher level decision maker without insulting your contact.
- 4 types of voice mails that will set you apart from your competition. I’m also going to send you the templates for these. You’re welcome!
When?
September 22nd at 11:30 am EST. Can’t make it that day? Sign up anyway and I’ll send you the recording later that day. View any time you’d like during the next 30 days.
Where?
Your computer screen. Join us from your favorite chair!
Here’s What You’ll Get . . .
(1) 90 minute workshop with over 30 ideas to dramatically improve the phone calls you’re making! A 10 page downloadable workbook A reinforcement email after the workshop complete with a special bonus PDF and a recording of the workshop. Oh, and I’m also going to send you a few templates to help you craft a better opening statement and leave better voice mails.
What’s The Investment?
$99 and the best part is that you don’t have to sell off a kidney or rush to the store to cash in your deposit bottles to join us!
You don’t have to have a PayPal account to pay with PayPal. Simply select “Pay with a debit or credit card or Bill Me Later” after hitting the “Buy Now” button!
